1. Tata Coffee Ltd on Tuesday reported a 77% increase in consolidated net profit at Rs 62 crore for the quarter ended June. Its net profit stood at Rs 35 crore in the year-ago period. Consolidated total income for the quarter higher at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, an increase of 26%, driven by improved performance from the value-added businesses.2. Pharma major Dr Reddy recorded smart rally after the company reported strong Q1 results. The company reported impressive revenue growth in European and North America. #MOMarketUpdates#DrReddy#TATACoffee#MotilalOswal#Companyresults#indianstockmarket#NSE#BSE#Nifty#Sensex
Tech Stocks - Northbound journey continued in the tech stocks after better than expected Q1 results announced by Infosys, HCL Tech and Wipro. Both the Tech giants Infosys and HCL Tech closed on a record high today. HDFC Bank- HDFC Bank reported Q1 net profits at Rs6660cr grew at 19.6% YoY (inline to our estimates at Rs6680cr) , NII growing at 8% YoY (3% QoQ) to Rs15660cr (expectation Rs15390cr). Other income declined 18% YoY to Rs4070cr (34% below estimates at Rs6140cr) affected by decline in fees & commission income (37% YoY/49% QoQ decline) due to lockdown . Total provisions spiked to Rs3890cr (49% YoY increase) – Expectation Rs4150cr. GNPA at 1.4% vs 1.3% (QoQ) – expectation 1.3%. NNPA at 0.3% vs 0.4% (expectation 0.4%). #MOMarketUpdates#HDFCBank#HCL#Infosys#MotilalOswal#Indianstockmarkets#nifty#sensex#nifty50#nse#bse
- 5 Financial Hurdles of Youngsters and Ways to Overcome Them. Click on the bio link to read more. ...
Posted On:24 Jun 2020 6:13 PM
Glenmark Pharmaceuticals shares surged 27% in today’s trade. The company has launched antiviral drug Favipiravir, under the brand name FabiFlu, for the treatment of patients with mild to moderate Covid-19 infection at a price of about Rs 103 per tablet....
Posted On:22 Jun 2020 5:00 PM
Investing gives you the best return in the long run. No opportunity is missed as long as you stay invested in quality stocks. Reliance Industries becomes the first listed company to cross 11 lakh crore in market capitalisation. The stock prices have doubled from March 23rd as the company becomes a net debt-free.
Posted On:19 Jun 2020 5:16 PM
These eight things are important to read in quarterly results which can help you to select the right stock to invest. Click on the bio link to read the article. ...
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